Daily News

Source: Financialpost November 04, 2022

Jack Mintz: Trudeau follows Biden down the path to economic ruin

It is ironic that Prime Minister Justin Trudeau's Liberals chose the same unsuccessful policy path as the Democrats in Thursday’s fiscal update In next week’s midterm elections in the United States, President Joe Biden’s Democrats will be judge...

Source: Financialpost November 04, 2022

Howard Levitt: Why Doug Ford's attempt to block the education workers' strike is a smart political play

Actual victims of an education workers’ strike — parents and employers — are not at the bargaining table Ontario’s Ford government this week launched a torpedo into the main artery of the union movement, passing legislation to remove education...

Source: Financialpost November 04, 2022

'A dart in the forehead of the energy industry': Oilpatch reacts to tax on stock buybacks

Tax is expected to generate $2.1 billion in revenues for the federal government over five years Ottawa’s plan to introduce a two-per-cent tax on corporate stock buybacks may not be a windfall tax on oil profits like the United States is proposi...

Source: Financialpost November 04, 2022

Terence Corcoran: Chrystia Freeland brings Chinese-capitalism to Ottawa

Missing in Ottawa’s economic update is recognition of the ideological flip that’s taking place The build-up to Thursday’s economic statement from Finance Minister Chrystia Freeland has been underway for some time, so it should be no surprise th...

Economy Source: Financialpost November 04, 2022

'A cool $40 billion' revenue boost: What economists are saying about the fiscal update

This section is Presented This section was produced by the editorial department. The client was not given the opportunity to put restrictions on the content or review it prior to publication. by HSBC HSBC But Ottawa should...

Source: Financialpost November 04, 2022

Enbridge announces $3.6 billion B.C. pipeline expansion as gas production nears record levels

Future demand from planned liquefied natural gas export projects underpinning move Canadian energy infrastructure firm Enbridge Inc. on Friday announced a $3.6 billion expansion of the southern segment of its British Columbia gas pipeline syste...

Source: BNN Bloomberg November 03, 2022

U.S. Fed expected to hike big again and open door to downshift

The Federal Reserve looks set to deliver a fourth straight super-sized rate increase with Chair Jerome Powell repeating his resolute message on inflation and opening the door to a downshift -- without necessarily pivoting yet. The Federal Open Market Commi...

Source: BNN Bloomberg November 03, 2022

TSX recap: TSX closes down 1.23%

Canada's main stock index was down more than 240 points by the end of Wednesday after a late-afternoon slump, while U.S. markets took a similar tumble, after another outsized rate hike by the Federal Reserve.  The S&P/TSX Composite Index was down 240.70 po...

Source: BNN Bloomberg November 03, 2022

Alberta carbon market woos speculators as asset manager piles in

A carbon market in oil-rich Alberta is getting an injection of speculative money from an asset manager jockeying to become a top investor on a platform dominated by energy firms. Durum Capital Inc. agreed to boost its holdings of carbon credits to more tha...

Source: BNN Bloomberg November 03, 2022

S&P 500 suffers worst 'Fed day' since January 2021

Stocks sold off as Jerome Powell continued to sound unequivocally hawkish as the Federal Reserve pushed ahead with its most-aggressive tightening campaign since the 1980s to thwart inflation. The S&P 500 suffered its worst rout on a Fed decision day since...